Chevron assets

Chevron wins Exxon case but loses time, oil and billions

July 21, 2025

(BOE Report)– ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess’s 30%

Trump will allow Chevron to keep Venezuelan assets

May 28, 2025

(Oil Price) – The Trump administration will grant Chevron the right to keep its operations in Venezuela after its sanction waiver expires in June, Reuters and the Wall Street Journal reported separately, citing unnamed sources. According to the sources, Chevron would be able to retain its assets in Venezuela, but would not be able to export oil from the country to the United States.

Chevron wins Exxon case but loses time, oil and billions

Trump will allow Chevron to keep Venezuelan assets

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